NewEdge Wealth LLC Acquires New Stake in Cboe Global Markets, Inc. $CBOE

NewEdge Wealth LLC acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,600 shares of the company’s stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBOE. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth about $26,000. Clearstead Trust LLC purchased a new stake in shares of Cboe Global Markets during the second quarter worth about $27,000. NFSG Corp acquired a new position in shares of Cboe Global Markets in the first quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new position in shares of Cboe Global Markets in the second quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CBOE shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Barclays boosted their price target on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Loop Capital set a $380.00 price target on Cboe Global Markets in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $315.30.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $300.74 on Friday. The firm has a fifty day moving average of $274.55 and a 200-day moving average of $292.66. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $31.90 billion, a P/E ratio of 155.02 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. During the same quarter in the previous year, the business posted $2.46 EPS. The business’s quarterly revenue was up 24.6% on a year-over-year basis. As a group, analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the transaction, the director owned 12,870 shares in the company, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.